Delphi Delays Legal Move to Void Union Contracts

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arts manufacturer Delphi, which has filed bankruptcy, will delay asking a bankruptcy court to terminate its union contracts for at least a month, the Wall Street Journal reported Tuesday.

Delphi is trying to avoid making legal moves to void union contracts while it tries to negotiate lower wage contracts out of court, the Journal said.

Delphi also received a boost from former parent General Motors when the automaker said it would temporarily forego previously agreed-to reductions component prices, the paper reported.

Delphi Chief Executive Officer Steve Miller is working with GM to find ways to have Delphi workers have “soft landings” as they are being asked to take pay cuts from about $26 an hour to $10 to $12 an hour, the Journal said.